Has Trump ever paid a fine?

As of late 2025, Donald Trump has not fully paid several large fines, notably the massive civil fraud penalty in New York, which was overturned by an appeals court in August 2025 due to being deemed "excessive," though other penalties (like business restrictions) remain. He did pay smaller, separate legal fees from other cases, including those from defamation suits, and posted a bond for other judgments while appealing.

How much did Trump get fined for Trump University?

Settlement. On November 18, 2016, it was reported that Trump had agreed to pay $25 million to settle the two class actions and the New York suit. The settlement was reached 10 days before the San Diego class action was scheduled to go to trial.

How much did Trump's 2017 tax cuts cost?

The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years, and recent estimates show that making the law's temporary individual income and estate tax cuts permanent would cost roughly another $4.2 trillion through 2035.

What was the fine for Trump Taj Mahal?

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today imposed a $10 million civil money penalty against Trump Taj Mahal Casino Resort (Trump Taj Mahal), for willful and repeated violations of the Bank Secrecy Act (BSA).

How is Truth Social doing financially?

TMTG's filing for the second quarter of 2025 reported a total revenue of $883,300, up 5.5% from the same period in 2024, and an operating loss of $43.5 million. The loss was partially offset by interest and investment income, resulting in a net loss of $20 million, up from $16.4 million in the same period in 2023.

Man arrested after Facebook comment quoting President Trump

Why is Newsom suing Trump?

Governor Newsom has sued President Trump multiple times, challenging federal actions that California argues overstep presidential authority and harm the state, including the federalization of the California National Guard for domestic law enforcement, illegal tariffs impacting trade, and cuts to homeless housing funds, with lawsuits also targeting attempts to revoke California's clean vehicle standards and withhold SNAP benefits during a shutdown. 

Which president erased the national debt?

1837: Andrew Jackson

This resulted in a huge government surplus of funds. (In 1835, the $17.9 million budget surplus was greater than the total government expenses for that year.) By January of 1835, for the first and only time, all of the government's interest-bearing debt was paid off.

What would happen if Trump tax cuts expire?

If the individual tax cuts expire, taxpayers in all income groups would face higher and more complicated taxes. Machinery and equipment expensing is a key provision that, if allowed to expire, would especially harm capital-intensive industries like manufacturing.

Who paid the highest tax in the USA?

In the U.S., the highest income earners pay the most taxes, with the top 1% often contributing around 40% of all federal income tax revenue, far exceeding their share of national income due to the progressive tax system, though some wealthy individuals use loopholes to lower their effective rates. By age, taxpayers between 45 and 55 pay the most in absolute dollars, while corporations also contribute significantly, led by tech giants like Apple, Microsoft, and Alphabet. 

Which president has the highest level of education?

Woodrow Wilson is widely considered the most formally educated U.S. President, being the only one to earn a Ph.D. (from Johns Hopkins University) and having a distinguished academic career, including serving as President of Princeton University before his presidency. Other highly educated presidents include John Quincy Adams for his broad intellect and languages, Thomas Jefferson for his wide-ranging knowledge, and modern figures like Barack Obama and Bill Clinton who also have advanced degrees. 

Does Donald Trump have a legitimate college degree?

Yes, Donald Trump has a legitimate Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania, graduating in 1968, a fact confirmed by university records and commencement programs. He transferred to Wharton after two years at Fordham University and completed his degree there, viewing the institutions as credential factories to further his real estate career. 

How much an hour is $70,000 a year after taxes?

$70,000 a year is about $33.65 per hour before taxes, but after federal, state (varies), FICA, and other deductions, your take-home hourly pay could range from roughly $25 to $30+ per hour, depending heavily on your state, filing status, and benefits, with estimated take-home pay often falling between $43,500 - $52,000 annually after deductions. 

What state has the worst taxes?

There isn't one single "worst" state for taxes as it depends on your income and what you value, but New York, New Jersey, and California consistently rank poorly due to high income, sales, and property taxes, with New York often cited as having the most burdensome system overall, while Hawaii also has very high burdens. States like these combine high rates across multiple tax types, creating a heavy overall tax load for residents, notes Experian.
 

Which race pays the most taxes in America?

For example, white Americans are 83 percent of total taxpayers, and the percentage of zero-tax filers who are white is 79 percent. African Americans are roughly 13 percent of total taxpayers and 17 percent of zero-tax filers. Asian Americans comprise 3.6 percent of total taxpayers and 3.4 percent of zero-tax filers.

Can you ever stop paying taxes?

Taxes aren't determined by age, so you will never age out of paying taxes.

Is Trump no tax on Overtime?

No Tax on Overtime is a provision that was included in a larger tax reform bill that passed in July 2025. It allows certain workers to deduct up to $12,500 in qualified overtime compensation from their taxable income on their federal income tax return. Joint filers can deduct up to $25,000.

How many years until taxes are forgiven?

The IRS generally has 10 years – from the date your tax was assessed – to collect the tax and any associated penalties and interest from you. This time period is called the Collection Statute Expiration Date (CSED).

Who owns over 70% of the US debt?

No single entity owns over 70% of U.S. debt, but roughly 70-80% is held domestically by U.S. investors and institutions like the Federal Reserve, Social Security, mutual funds, and banks, with the rest held by foreign investors, mainly Japan, China, and the U.K. It's a mix of internal (government-to-government) and public (investors) holdings, with domestic investors holding the largest share of the public debt.
 

Who was the last president to actually balance the budget?

The last President to oversee balanced federal budgets (with surpluses) was Bill Clinton, from fiscal years 1998 through 2001, a rare achievement in recent history marked by higher revenues and spending cuts. Before Clinton, the last balanced budget was under Lyndon B. Johnson in 1969, with Richard Nixon also seeing a balanced budget in 1969, though Clinton's four consecutive surpluses are notable. 

When was the last time the USA had no debt?

The U.S. was last debt-free for a brief period in 1835, under President Andrew Jackson, who paid off the entire national debt, a unique event in American history, though it quickly accumulated again by 1837, leading to the Panic of 1837. 

Why does Trump want to weaken the US dollar?

“You don't want to hold a currency that's going to be devalued by inflation,” said Sebastian Mallaby, senior fellow at the Council on Foreign Relations. President Donald Trump has argued in favor of a weaker dollar, which can make American exports more competitive overseas.

How much did Trump pay for Melania's engagement ring?

Donald Trump claimed he got a $1 million discount on Melania's engagement ring, telling The New York Times he paid $1.5 million for a ring valued at $2.5 million (or higher), but Graff Diamonds chairman Laurence Graff stated Trump paid full price, refuting the publicity-driven discount claim. The ring, a large emerald-cut diamond from Graff, was valued at around $1.5 million at the time of the 2004 proposal, but later estimates suggested it was worth significantly more, possibly over $3 million after a later upgrade, say sources like South China Morning Post and People.com.
 

What does Trump call Gavin Newsom?

Donald Trump often uses derogatory nicknames for Gavin Newsom, frequently calling him "New-scum," a play on his last name, while also labeling him "incompetent" and criticizing his handling of California, especially regarding the border and state issues, highlighting perceived failures in leadership. 

What is $90,000 a year hourly?

$90,000 a year is approximately $43.27 per hour, assuming a standard 40-hour workweek (2080 work hours per year), calculated by dividing your annual salary by 2080. This figure can change slightly if you work more or fewer hours, with more hours meaning a lower hourly rate and fewer hours meaning a higher rate.